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May 03, 2015 7:34 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of United Photovoltaics Group Limited

Company Overview

United Photovoltaics Group Limited, an investment holding company, engages in the development, investment, operation, and management of solar power plants. As of April 23, 2015, the company owned 21 grid-connected solar power plants with a total installed capacity of 682 MW across Qinghai, Gansu, Inner Mongolia, Xinjiang, Jiangsu, Fujian, Guangdong, etc. The company is headquartered in Central, Hong Kong.

West Tower

Unit 1012, 10th Floor

Shun Tak Centre

168–200 Connaught Road

Central,  

Hong Kong

120 Employees

Phone:

852 3112 8461

Fax:

852 3112 8410

Key Executives for United Photovoltaics Group Limited

Chairman, Chief Executive Officer, Member of Nomination Committee and Member of Risk Control Committee
Age: 46
Total Annual Compensation: $1.3M
Executive Director and Member of Risk Control Committee
Age: 43
Vice President
Age: 55
Total Annual Compensation: $185.0K
Compensation as of Fiscal Year 2013.

United Photovoltaics Group Limited Key Developments

United Photovoltaics Group Limited Auditor Raises 'Going Concern' Doubt

United Photovoltaics Group Limited filed its Annual on Apr 21, 2015 for the period ending Dec 31, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

United Photovoltaics Group Limited Announces Preliminary Consolidated Operating Results for the First Quarter of 2015

United Photovoltaics Group Limited announced preliminary consolidated operating results for the first quarter of 2015. The company has generated electricity in an aggregate volume of approximately 197,533 megawatt-hour (MWh) in the first quarter of 2015 against 96,651 MWh last year.

United Photovoltaics Group Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2014

United Photovoltaics Group Limited announced consolidated earnings results for the year ended December 31, 2014. For the year, profit attributable to the owners of the company was HKD 366,616,000 compared to HKD 2,304,986,000 a year ago. Total revenue was HKD 524 million compared to HKD 38 million a year ago. The increase in profit of the company was mainly attributable to the increase in generation volume of electricity of the solar plants acquired in 2013 by 262% to 126,320 megawatt-hours for the year and contribution from electricity generation by 6 solar power plants acquired during the year amounted to approximately 318,000 megawatt-hours. Operating profit was HKD 792,679,000 compared to HKD 2,193,515,000 a year ago. Profit before income tax was HKD 629,545,000 compared to HKD 2,361,479,000 a year ago. Profit for the year was HKD 377,094,000 compared to loss for the year of HKD 2,305,460,000 a year ago. Diluted earnings per share from continuing operations were 3.66 cents compared to diluted loss per share from continuing operations of 131.24 cents a year ago. Net debts was HKD 5,469,496,000 compared to HKD 2,826,991,000 a year ago.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
April 17, 2015
--
Private Placement
January 7, 2015
--
Private Placement
December 31, 2014
--
 

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